moomoo ID:NaN
Log Out
Log in to access Online Inquiry

William C. Martin Buys 16,243 Shares of Immersion Co. (NASDAQ:IMMR) Stock

kopsource ·  {{timeTz}}

Immersion Co. (NASDAQ:IMMR – Get Rating) insider William C. Martin bought 16,243 shares of Immersion stock in a transaction on Tuesday, September 13th. The shares were purchased at an average cost of $5.79 per share, with a total value of $94,046.97. Following the acquisition, the insider now directly owns 681,015 shares of the company's stock, valued at $3,943,076.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Immersion Price Performance

Shares of IMMR traded up $0.02 during midday trading on Thursday, reaching $5.87. 141,215 shares of the stock were exchanged, compared to its average volume of 371,029. The business's 50-day moving average price is $5.67 and its 200 day moving average price is $5.38. Immersion Co. has a twelve month low of $4.28 and a twelve month high of $9.78. The company has a market capitalization of $196.72 million, a price-to-earnings ratio of 22.77 and a beta of 1.56.

Get Immersion alerts:

Hedge Funds Weigh In On Immersion

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. ExodusPoint Capital Management LP purchased a new position in shares of Immersion during the second quarter worth about $104,000. Goldman Sachs Group Inc. grew its holdings in shares of Immersion by 43.5% during the second quarter. Goldman Sachs Group Inc. now owns 34,785 shares of the software maker's stock worth $186,000 after buying an additional 10,543 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of Immersion during the second quarter worth about $128,000. Cubist Systematic Strategies LLC purchased a new stake in Immersion in the 2nd quarter valued at approximately $201,000. Finally, Renaissance Technologies LLC boosted its holdings in Immersion by 5.6% in the 2nd quarter. Renaissance Technologies LLC now owns 312,713 shares of the software maker's stock valued at $1,670,000 after purchasing an additional 16,600 shares in the last quarter. Hedge funds and other institutional investors own 44.20% of the company's stock.

Analyst Ratings Changes

IMMR has been the subject of several analyst reports. StockNews.com lowered Immersion from a "buy" rating to a "hold" rating in a research report on Monday, August 15th. Craig Hallum decreased their target price on Immersion from $12.00 to $10.00 and set a "buy" rating for the company in a report on Tuesday, June 7th.

About Immersion

(Get Rating)

Immersion Corporation, together with its subsidiaries, invents, scales, and licenses haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.

Read More

  • Get a free copy of the StockNews.com research report on Immersion (IMMR)
  • Why Medical Products Maker Repligen May Be A Potential Buy
  • At 10%, Is Arbor Realty Trust Dividend Worth It?
  • Investors Should Tune Into RF Industries
  • 2 Reasons Netflix Might Have Just Bottomed Out
  • Murphy USA Outperforming Other Mid-caps, But Is It A Buy Now?

Receive News & Ratings for Immersion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Immersion and related companies with MarketBeat.com's FREE daily email newsletter.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.